HDFC Bank Rejects ₹45 Crore Financial Irregularity Reports

Mumbai: HDFC Bank has dismissed media reports suggesting a ₹45 crore financial irregularity linked to payments made to the Maharashtra State Road Development Corporation. The bank stated that the allegations are based on incomplete facts and do not reflect its strong internal control framework. Senior management clarified that every payment follows documented approval processes and is subject to multiple layers of review. They added that any concerns raised internally are thoroughly examined before conclusions are drawn. The disputed transactions reportedly involved interest amounts being channeled through marketing initiatives and local vendors for road safety campaigns instead of direct deposits. HDFC Bank insisted such practices, if they occurred, were within approved guidelines. Following the report, the bank’s shares declined nearly 2.7 percent during afternoon trading. Market watchers said the drop reflects broader caution around governance narratives in the banking sector. HDFC Bank reaffirmed that it maintains one of the most rigorous compliance systems in the industry and will continue to prioritize accountability.